Thursday, December 15, 2011

The Gold Price Close Down 0.6% to Close at $1,574.60

Gold Price Close Today : 1,574.60 Change : -9.70 or -0.6% Silver Price Close
Today : 2922.00 Change : 34.00 or 1.2% Platinum Price Close Today : 1,406.00
Change : -19.30 or -1.4% Palladium Price Close Today : 618.85 Change : 1.15 or
0.2% Gold Silver Ratio Today : 53.89 Change : -0.97 or 0.98% Dow Industrial :
11,823.48 Change : -131.46 or -1.1% US Dollar Index : 80.54 Change : 0.26 or
0.3% Franklin Sanders has not published any commentary today, if he publishes
commentary later today it will be published here. Argentum et aurum comparenda
sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger
The-MoneyChanger.com © 2011, The Moneychanger. May not be republished in any
form, including electronically, without our express permission. To avoid
confusion, please remember that the comments above have a very short time
horizon. Always invest with the primary trend. Gold's primary trend is up,
targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver
ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and
worth only one ounce of gold; US$ or US$-denominated assets, primary trend down;
real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be
advised and warned: Do NOT use these commentaries to trade futures contracts. I
don't intend them for that or write them with that short term trading outlook. I
write them for long-term investors in physical metals. Take them as
entertainment, but not as a timing service for futures. NOR do I recommend
investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical
metal and I fear one day one or another may go up in smoke. Unless you can
breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of
traps. NOR do I recommend trading futures options or other leveraged paper gold
and silver products. These are not for the inexperienced. NOR do I recommend
buying gold and silver on margin or with debt. What DO I recommend? Physical
gold and silver coins and bars in your own hands. One final warning: NEVER
insert a 747 Jumbo Jet up your nose.

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